State v. Blue Crest Plans, Inc.

Judgment, Supreme Court, New York County, entered March 15, 1979, which denied plaintiff’s request for a permanent injunction and dismissed the complaint, unanimously reversed, on the law, with costs and disbursements, and the plaintiff is granted a permanent injunction enjoining the defendant from engaging in the business of insurance without a license from the Department of Insurance of the State of New York. Subdivision 1 of section 41 of the Insurance Law provides: "The term 'insurance contract’ * * * shall * * * be deemed to include any agreement or other transaction whereby one party,…